Three commercial mortgage securitizations totaling $3.5 billion priced this week, ending a lull in issuance that began at the end of March.
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Deutsche Bank priced 355 million ($482.4 million) of bonds backed by three commercial mortgages secured by Italian properties, according to a person familiar with the deal.
June 27 -
The Carlyle Group said Thursday it closed on two collateralized loan obligations, one in the U.S. and one in Europe, totaling approximately $1.17 billion.
June 27 -
American Express upsized a securitization backed by its credit card receivables to $1.43 billion from $578 million, according to a deal document.
June 27 -
A Russian securitization law that comes into effect at the beginning of July will make it easier for Russian issuers to structure domestic, on-shore vehicles that are bankruptcy remote. One of the main motivations for the legislation was to facilitate the securitization of SME loans with the aim to increase contribution from the SME sector to the overall GDP of Russia.
June 26 -
Andrea Bryan joins NewOak as a managing director in its credit services group, responsible for credit risk management and operating advisor services for structured products, after a 15-year tenure at Standard & Poor's.
June 26
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To date, most issuance of bonds transferring risk of property damage to investors has come from insurers who are looking for an alternative to reinsurance. Yet climate change is bringing an increasing incidence of floods, windstorms and other kinds of extreme weather, requiring corporate issuers to pay ever more attention.
June 26 -
Santander Consumer Bank priced its first securitization of Polish assets the PLN1.4 billion ($448 million) Polish auto ABS, SC Poland Auto 2014-1.
June 26 -
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J.P. Morgan Chase plans to issue $1.2 billion of securities backed by a pool of 73 commercial mortgages loans that are secured by 84 properties. Four loans that represent 3.1% of the pool are secured by student housing properties.
June 26 -
The Office of the Comptroller of the Currency sounded the alarm again Wednesday about two key areas in which it sees heightened risks from expanding portfolios: indirect auto lending and leveraged lending.
June 25 -
Highbridge Principal Strategies is planning a $469 million collateralized loan obligation, according to a Standard & Poors presale report.
June 25 -
Ocwen Financial introduced a novel derivative financing structure with Freddie Mac's blessing early this year, offering a rare window onto a corner of the market that tends to operate privately.
June 25
